Brief: Kurita Europe And Aquachemie DMCC Set Up New Joint Venture Entity To Serve GCC Region

Kurita Water Industries

30/09/2020 12:33

Sept 30 (Reuters) - AQUACHEMIE DMCC:
    * KURITA WATER INDUSTRIES, THROUGH UNIT KURITA EUROPE GMBH
AND
AQUACHEMIE DMCC SIGNED A STRATEGIC AGREEMENT TO SET UP A JOINT
VENTURE COMPANY, UNDER THE NAME OF KURITA AQUACHEMIE
    * JV WILL LEVERAGE BOTH COMPANIES' COMPLEMENTARY STRENGTHS
FOR
WATER AND PROCESS TREATMENT CHEMICALS SOLUTIONS FOR REFINERY,
PETROCHEMICALS, FERTILIZER, POWER AND DESALINATION, PAPER, AND
METAL INDUSTRIES IN GCC REGION
    * KURITA AQUACHEMIE WILL OPERATE TWO NEW PRODUCTION PLANTS
IN
DAMMAM, SAUDI ARABIA, AND IN JEBEL ALI, DUBAI, UAE
    * THESE TWO PRODUCTION SITES WERE COMMISSIONED IN H1 2020
AND ARE
EXPECTED TO HAVE A PRODUCTION CAPACITY OF ABOUT 230,000 METRIC
TONS PER ANNUM IN THE INITIAL PHASE


 ((Reuters.Briefs@thomsonreuters.com;))